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Petrol Price in New Delhi (19th February 2019)

Petrol prices in New Delhi have been turning more volatile, as prices of crude oil have been showing a firm trend. It is important to check todays petrol price in New Delhi (₹71.00), especially if you are going for a long drive. Remember, petrol and diesel prices are revised daily, so you can lose much, if you are travelling on a long distance. The rupee has also moved lower against the dollar, which has made petrol prices in New Delhi more expensive than before. It is hoped that the government can reduce excise duties, so as to enable rates to become more cheaper in the coming days.

Feb 19, 2019
₹ 71.00 /Ltr ( ₹ 0.09 )

Last 10 Days Petrol Rate in New Delhi

Date Price Price Change
Feb 18, 2019 ₹ 70.91 ₹ 0.15
Feb 17, 2019 ₹ 70.76 ₹ 0.16
Feb 16, 2019 ₹ 70.60 ₹ 0.14
Feb 15, 2019 ₹ 70.46 ₹ 0.07
Feb 14, 2019 ₹ 70.39 ₹ 0.06
Feb 13, 2019 ₹ 70.33 ₹ 0.00
Feb 12, 2019 ₹ 70.33 ₹ 0.00
Feb 11, 2019 ₹ 70.33 ₹ 0.05
Feb 10, 2019 ₹ 70.28 ₹ 0.00
Feb 9, 2019 ₹ 70.28 ₹ -0.10

Daily & Monthly Petrol Price in New Delhi : Graphical Representation

Historical Petrol Price in New Delhi

  • Trend of Petrol Rate in New Delhi, February 2019
  • Petrol Price
    1st February Rs.70.94
    19th February Rs.71
    Highest rate in February Rs.71 on February 19th
    Lowest Rate in February Rs.70.28 on February 9th
    Over all performance Rising
    % Change +0.08%
  • Trend of Petrol Rate in New Delhi, January 2019
  • Trend of Petrol Rate in New Delhi, December 2018
  • Trend of Petrol Rate in New Delhi, November 2018
  • Trend of Petrol Rate in New Delhi, October 2018
  • Trend of Petrol Rate in New Delhi, September 2018
  • Trend of Petrol Rate in New Delhi, August 2018

Petrol prices in Delhi are now changing everyday, as against every 15 days before. We are providing daily petrol price rates, so you can check the same on goodreturns.in

The advantage of doing that is you know when to fill petrol and make maximum use of falling petrol prices. In any case Delhi petrol rates are much lower then some of the other cities in India. It also sets the trend for an increase or decrease in rates in various other cities of India. The rates would be largely determined by the largest oil marketing companies in India, that is Indian Oil, Bharat Petrolem and Hindustan Petroleum. You would do well to check the rates given the fact that if you fill same about 30 to 40 litres petrol you could tend to lose a lot. Now that petrol prices in Delhi have been dergulated like many other cities in the country.

How are petrol prices in Delhi determined?

Petrol rates in Delhi largely depend on how international prices of crude oil move. It is largely linked to international crude prices, which trade abroad. There is also an India crude basket, which largely determines the prices of Petrol in Delhi. It is always advisable to check the petrol prices, if you are planning to fill your automobile to the brim. A small change in rates can be mean a lot when you have larger volumes of diesel or petrol to fill. Diesel prices in Delhi also more or less move in a smilar way.

Increasing trend in the last few days

Lately, we have been seeing an increasing trend of petrol prices rallying in several cities. In fact, in places like Delhi they have now hit the Rs 72 per litre mark. This has happened as international prices of crude have gone higher and there is every possibility that there could be a further increase in prices.

The government has in the past cut the excise on petrol to make-up for the huge gains seen in the prices of petrol. However, any such cuts in the excise tends to impact the government's fiscal deficit.

If the trend of an increase in Delhi prices of petrol today continues, we may soon realize that rates have now hit a three year high and this is not good news for any government.

An urgent cut in the prices of the fuel is needed to be implemented by the government at the earliest.

How petrol prices are influenced in Delhi?

Todays petrol prices in New Delhi are a result of a host of a factors that influence rates.

Among these include world prices of the fuel. At the moment Brent Crude prices are trading at $64. When these prices go higher, the India crude basket goes higher, which in turn alters the daily price of petrol in Delhi. A similar thing can be seen as far as diesel is concerned. 

It is hence a good idea to check prices of the fuel before leaving your home. For the last few days there has been a declining trend at the retail level. Once petrol and diesel prices are bought under the ambit of the Goods and Services Tax, we may see these prices declining in the coming days. In the meantime, we would have to continue to pay the desired sum and wait for a fall in todays petrol rates in New Delhi.  

 How Petrol Prices in New Delhi Today are calculated?

Fuel rates in India depend on a host of things. Petrol prices in Delhi today depend on the India crude basket, transportation costs, value added taxes and excise duty levied by the government.

The fuel costs in the city are pretty high, though they are way lesser than what Mumbai charges. The city has one of the highest value added taxes, which has pushed petrol prices higher.

In India, when excise by the government is hiked, petrol prices in Delhi tend to increase. At the moment, excise is slightly more than Rs 21. The local government also tends to tinker with the value added tax, which tends to inflate the fuel rates.

The currency also plays a big role, in pushing the price of petrol and diesel either way. If rates tend to move in one direction heavily, the government can cut or hike rates accordingly.

 Overall, it is likely that we will see sharp cuts in the prices of the fuel in the coming days. International prices have the biggest bearing and any drop in these tend to help rates cuts. Movement of the rupee against the dollar also tends to impact petrol and diesel prices accordingly.

So, for calculation of todays petrol price in Delhi one has to taken into account, excise, value added tax, India crude basket and currency movement. 

 

Petrol Rates in New Delhi Rises By 9 Paise

The petrol rates in New Delhi inched up due to a rise in global crude prices amid curtailing global economic growth.

The petrol prices in New Delhi were recorded at Rs 71 per litre, up by 9 paise.

In the global markets, the crude benchmark Brent stood at $66.46 per barrel and WTI was at $56.33 per barrel.

Traders noted that the growing concerns surrounding global economic growth has led to a slight downward correction of crude requirements. In one of its notes, the American Bank – Bank of America Merrill Lynch states that the dispute between the U.S. and China has bruised the economic growth globally.

Currently, traders are awaiting to witness the outcome of the Sino – U.S. trade talks which is happening in Washington.

The rise in global crude rates has led to the rise in fuel prices in India as well. Meanwhile, the rupee was seen trading at 71.54 against the U.S. dollar during today’s trade session.

19 February 2019
Petrol Prices in New Delhi Hiked By 15 Paise

The petrol prices in New Delhi inched up amid a rise in crude prices in the global scenario due to the trimming of crude supply. The petrol rates in New Delhi were recorded at Rs 70.91 per litre, up by 15 paise.

In the global scenario, Brent was seen at $66.23 per barrel and WTI is at $56.37 per barrel.

An analyst noted that so far in the year 2019 alone, the crude prices have rallied up by 25 percent and the current trend is likely to continue further in the coming days. The trimming of crude supply by the OPEC member countries has helped the crude prices to surge up which had earlier dipped majorly owing to its abundant supply in the oil industry.

During today’s early trade session, the Indian domestic rupee slipped slightly by 7 paise and settled at 71.23 against the U.S. dollar. The fall in the rupee value will make the dollar valued crude more pricey for purchase.

18 February 2019
Petrol Prices in New Delhi Edges Up By 14 Paise

The petrol prices in New Delhi edged up following global cues wherein the crude prices rose up amid tightening supply. The petrol rates in New Delhi were recorded at Rs 70.60 per litre, up by 14 paise.

The crude rates in the global markets inched up following cut in its supply and hence WTI was at $55.98 per barrel, up by 2.17% and Brent was at $66.25 per barrel, up by 2.60%.

The progressing trade talks between the U.S. and China has helped the crude demand to edge up in the oil industry after its steep decline following the slowness of global economic growth.

The OPEC partner – Saudi Arabia has stated its intention to further trim down crude supply by half a million barrels per day (bpd) during the month of March. The fall in its supply has led to the rise in crude prices by close to 2 percent during yesterday’s trade session.

Meanwhile, in India, the Indian currency – Rupee was seen trading at 71.34 mark against the U.S. currency.

16 February 2019
Petrol Rates in New Delhi Shoots Up By 7 Paise

The petrol prices in New Delhi shot up following global trends amid recouping of losses by the Wall Street. The petrol rates in New Delhi were recorded at Rs 70.46 per litre, up by 7 paise.

In the global markets, the Brent was seen trading at $64.85 per barrel, up by 0.43% and WTI was seen trading at $54.58 per barrel, up by 0.31%.

The decline in the U.S. economy owing to the rise in the unemployment rates added with the recovery of Wall Street stocks led to the rise in global crude prices. The crude rates edged up by 20 percent this fiscal, mainly due to the cut in supply by Organization of Petroleum Exporting Countries (OPEC) to avoid supply glut.

Meanwhile, the rupee dipped further against the U.S. dollar during today’s early trade session and was seen trading at 71.40 mark.

15 February 2019
Petrol Prices in New Delhi Gains By 6 Paise

The prices of petrol in New Delhi edged up following global cues wherein the crude prices rallied up amidst dip in crude supply by OPEC led member countries. The petrol rates in New Delhi were seen at Rs 70.39 per litre, up by 6 paise.

The crude prices in the international market stood shot up with WTI at $54.38 per barrel and Brent was at $64.32 per barrel.

The trade tariff war between U.S. and China, which had escalated to peak during fiscal 2018, is likely to be settled amicably between the world’s largest economies and this has helped the crude prices to rally up.

Meanwhile, the U.S. crude oil output remained at its peak at a record 11.9 million barrels per day (bpd).

The International Energy Agency in its report has stated that the global crude demand for current fiscal will grow by 1.4 million bpd whereas for non-OPEC supply will rise by 1.8 million bpd.

Meanwhile, the Indian rupee declined against the U.S. currency and was seen trading at 70.89 mark during today’s early session.

14 February 2019
Petrol Prices in New Delhi Remains Flat Amid Appreciating Rupee

The prices of petrol in New Delhi remained flat despite crude gaining strongly in the global market amid slow down of the global economy. The petrol rates in New Delhi were seen at Rs 70.33 per litre.

In the global scenario, the West Texas Intermediate (WTI) was seen trading at $53.62 per barrel and Brent stood at $63.03 per barrel.

The recent sanctions on Venezuela’s oil firm by the United States of America added to the trimming of crude supply by OPEC member countries has led to the rallying of crude prices in the global market which otherwise had fallen below $60 per barrel.

Now Venezuela has tried to find out alternative customers and is trying to export crude to Asian countries. But most of the countries are shying away from securing crude from PDVSA which is currently facing sanctions from the U.S. as most of the Asian countries are wary to face wrath from the United States of America.

Analysts are predicting that currently, the global oil markets have remained well supplied despite the crisis in Venezuela and trimming of crude supply by OPEC member countries.

Meanwhile, the Indian domestic rupee continued to gain against the U.S. currency and stood at 70.58 mark against the dollar. The rise in the value of rupee against the U.S. dollar is a positive sign for India’s economy.

13 February 2019
Petrol Rates in New Delhi Remains Firm

The petrol prices in New Delhi remained firm despite crude rates gaining an edge in the global scenario amid a decline in its supply by OPEC led member countries. The petrol rates in New Delhi were seen at Rs 70.33 per litre.

In the global scenario, the crude benchmark – Brent was seen trading at $61.83 per barrel and West Texas Intermediate stood at $52.67 per barrel.

The recent U.S. sanctions on Venezuela’s oil firm has halted its crude exports to the United States and this has led to the rise in global crude rates added to the trimming of fuel supply by the OPEC led member countries.

In India, the rupee value edged up against the U.S. currency and was seen trading at 70.78 mark, during today’s trade session. The rise in the rupee value has helped the fuel prices to remain stagnant in New Delhi.

12 February 2019
Petrol Prices in New Delhi Rises By 5 Paise

The petrol prices in New Delhi gained marginally despite being flat in the international market amid the slowdown of global economic growth. The petrol rates in New Delhi stood at Rs 70.33 per litre, up by 5 paise.

In the global scenario, the Brent was seen trading at $61.97 per barrel and WTI was at $52.33 per barrel.

The slow progress in the talks between the U.S. and China trade talks has raised concerns about the fuel demand in the coming days. In the United States of America, the energy firms have increased the total number of rigs operating for the second time in a time span of three weeks. It is unsure if the oil market is ready to absorb the supply of crude amid a dip in demand for crude.

The OPEC member countries along with its non-partner member Russia has cut down the crude supply to market with an intention to support crude prices and to prevent supply glut in the oil industry.

The Indian rupee rose up against the U.S. currency and was seen trading at 71.31 mark, up by 14 paise. The rise in the rupee value will make the dollar-priced crude less expensive for purchase.

11 February 2019
Petrol Prices in New Delhi Inches Down By 6 Paise

The prices of petrol in New Delhi slipped slightly amid a drop in crude prices in the international markets. The petrol rates in New Delhi stood at Rs 70.38 per litre, down by 6 paise.

In the global scenario, Brent was seen trading at $61.70 per barrel and WTI was at $52.34 per barrel.

The looming concerns over economic slowdown are likely to hit oil demand in the coming days amid worries surrounding trade tariff war between the U.S. and China. The surge in the U.S. crude oil production level to meet the growing global demands has worried the markets as they are unsure if the demand is sufficient to absorb the rising crude output production in the U.S.

The world is witnessing both highs and lows of economic growth of the major economic countries, while the U.S. reported robust job data and on the other hand, China reported lowest annual economic growth for the first time since the 1990s. The trade tariff war which escalated between the Sino-U.S. has injured the dragon countries economy badly.

Meanwhile, the rupee value rallied up against the U.S. dollar and was seen trading at 71.31 mark during today’s trade session. The rise in the rupee value against the U.S. currency will make the dollar-priced crude less expensive for purchase.

8 February 2019
Petrol Prices in New Delhi Remains Flat

The prices of petrol in New Delhi remained flat despite the decline in global crude rates. The petrol rates in New Delhi were recorded at Rs 70.44 per litre.

The crude benchmark – Brent was seen trading at $62.53 per barrel and WTI was seen at $53.81 per barrel.

A report from Energy Information Administration revealed that the U.S. crude oil inventories surged up by 1.3 million barrels to touch 447.21 million barrels, for the week ending February 1.

The slowdown of the global economy is likely to weigh on the rise of fuel demand in the coming months. The Chinese economy has declined for the first time since the 1990s and Germany’s industrial output showed a decline in December, fourth monthly consecutive fall in a row.

The domestic Indian rupee depreciated during early trade session and was seen trading at 71.41 mark against the U.S. dollar.

7 February 2019

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